The cell cycle is regulated by a molecular control system that triggers and coordinates key events. It is driven by a built-in clock involving cyclical fluctuations of cell cycle control molecules like cyclins and protein kinases. The cell cycle proceeds through checkpoints at the G1, S, G2, and M phases and is regulated by internal and external signals. External factors like growth factors and cell density can influence the cell cycle by triggering signaling pathways that allow or inhibit progression through the checkpoints. Dysregulation of the cell cycle can lead to cancer if cells divide excessively and evade programmed cell death.